0.618 fib level has been tested repeatedly, and holds for now despite continuing to trade below MA100 and MA200. Selling pressure apparent from CMF and acc/dist. Most recent earnings tending toward pre-pandy levels, so perhaps overvaluation is becoming more difficult to ignore. Though I could reasonably see MPWR bouncing again within the current sideways channel,...
AMD Looking very strong here breaking out of its resistance trendline heading higher, I expect this to head towards $90 soon. Very Bullish
Recently Bloomberg interviewed the CEO and President of AMD, Dr. Lisa Su. She shared her views on the future of semiconductor industry and how AMD intends to navigate through the current tough times. youtu.be Dr. Su mentioned that semiconductor industry is undergoing a mega cycle in 2021. This has been buoyed by extremely strong demand due to surge in gaming...
CRUS along with many other semiconductor companies has been in a slump from the highs over the past couple months. As we see other semiconductor stocks such as AMD, TSM rebounding with the money that is rotating back into the tech space, we should see CRUS make a strong move to follow the sector. TECHNICAL Analysis: The main things I see are RSI Creeping back...
INTC showing a strong bullish reversal back to fill the gap near $62, which is my first target. Letting this one ride out
For me both tech QQQ and Semiconductors SMH are forming bottom. Any dip would be a good buying opportunity in my opinion.
Nvidia cruising towards the top of its trading range as the company reports earnings this Wednesday May 26th, the report could definitely allow a breakout to happen near $700 if expectations and future projections are strong. High demand for graphics cards within not only the crypto community, but gaming community as well. Nearly impossible to get your hands on a...
$TSM: Currently in a falling wedge pattern, demand zone at 103-109 has been key support for this name. Break above 114 with good volume/momentum will see this one move into the upper Fib extensions in the supply zone. Targets around 120-124 within the next 1-2 weeks. We are bullish on Semiconductors tactically with this inflationary climate. Setup is invalidated...
AMD undercut important lows and reversed back into its range. Tech & Semiconductors have been weak and beaten down for a while, so a short term bounce is not out of the question. In @ $77.00 Stop @ $72.10 2:1 Target at $86.90
Chip stocks have lagged along with the broader technology sector. But just when you think they’re dead, they have a session like yesterday. Notice how the Philadelphia Semiconductor Index opened 2.2 percent below its close the previous session. Also notice how quickly it bounced and ended the session up a full 2 percent. The low was lower than Tuesday’s and the...
AMD has broken his support on 74 so next support is around 58 which is also level 0.61, finally there's 2 gaps that seems will be filled.
shark harmonic pattern: 3-4=0.38 X-3 4-5=1.6 3-4 tp1=1.6 4-5=$8.5 tp2=0.88 X-3$7.7 tp3=1.13 X-3=$5.42 tp4=2.24 4-5=$4.1
There's some chatter in both the US and Europe about subsidizing chip manufacturing to help deal with the semiconductor shortage. That has sent chip stocks surging today, including Intel. I like Intel a lot, because it's quite reasonably valued for a chip company and has lots of plans for expanding its manufacturing capacity, which means it's poised to be a big...
Can we see 20 percent gains, yesterday was a strong move to the upwards, especially since it broke the triangle's upper trendline (notice the high volume) Btw, I would recommend keeping ROCK on your watchlist, its on the verge of breaking out of a symetrical triangle too! Follow and like if you like what u see :)
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Integrated and Semi-Custom. During the week there was a clear recovery in technology, however, we consider a possible continuation of the recovery, so AMD is an attractive alternative in this regard, since it...
TOELY has performed on-par with the rest of the sector throughout the Covid era, despite its OTC status and comparative obscurity for ordinary traders (70B mkt cap vs ASML, AMAT etc). Another new ATH reached just before earnings, and a rosy outlook ahead. Rising support levels still accelerating, price action above all meaningful MAs. On track for more gains...
A simple observation: TSM has been tracing a textbook desending triangle following the recent ATH. Commonly considered overvalued (despite prevailing chip demand), it would surprise few to see a 10% correction down to the 103 support level.